World Floor Covering Association 401 K

Organization Overview

World Floor Covering Association 401 K is located in Dalton, GA. The organization was established in 1965. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, World Floor Covering Association 401 K employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Floor Covering Association 401 K is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, World Floor Covering Association 401 K generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $4.1m during the year ending 12/2021. While expenses have increased by 11.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO IMPROVE RELATIONS AMONG PROFESSIONALS WITHIN THE FLOOR COVERING INDUSTRY, PROMOTE FLOOR COVERING PRODUCTS, ESTABLISH ETHICAL STANDARDS FOR THE FLOOR COVERING INDUSTRY, CONDUCT TRAINING AND EDUCATIONAL PROGRAMS TO BENEFIT THE ASSOCIATION'S MEMBERS AND THEIR EMPLOYEES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PUBLIC RELATIONS TO RAISE AWARENESS ABOUT THE FLOOR COVERING INDUSTRY THROUGH CONSUMER OUTREACH AND EDUCATION. CONSUMER EDUCATION ON FLOORING (TYPES OF PRODUCTS AVAILABLE, PRACTICAL APPLICATION AND PROPER MAINTENANCE) THROUGH THE WFCA WEBSITE, "PROFESSIONAL FLOORING RETAILER" MAGAZINE, AND CONTACT WITH CONSUMER MEDIA.


TO PROVIDE FUNDING TOWARDS TRADE EDUCATION FOR THE ADVANCEMENT IN FLOORING. WFCA PROVIDES ACCESS TO EDUCATION THROUGH FUNDING FOR THEIR MEMBERS TO ASSIST THEM IN BECOMING BETTER BUSINESS PEOPLE.


SPONSORSHIP OF ORGANIZATIONS TO PROMOTE THE ADVANCEMENT OF THE FLOOR COVERING INDUSTRY. THROUGH THE AFFILIATE SUPPORT FUNDS PROVIDED, WFCA ASSISTS IN PROVIDING THE MEMBERS OF THE AFFILIATE ORGANIZATIONS EDUCATION AND TRAINING IN THE FIELD OF FLOOR COVERING.


OTHER EXPENSES RELATED TO THE GENERAL MISSION OF THE ORGANIZATION


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Scott Humphrey
CEO
$349,972
Steve Abernathy
CFO
$252,192
Robert Varden
Vp, Cfi
$177,735
Freida Staten
Vp, Marketing
$152,350
Deb Degraaf
Chairman
$0
Sam O'krent
Treasurer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Jones Walker Llp
Legal
$674,004
Jeffrey W King
Legal
$203,067
Tk Fusion
Public Relations
$115,267
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$379,140
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$331,730
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$710,870
Total Program Service Revenue$299,922
Investment income $2,569,186
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $742,164
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,224,250

Grants Awarded

Over the last fiscal year, World Floor Covering Association 401 K has awarded $43,038 in support to 4 organizations.

Grant RecipientAmount

FLOORING ASSOCIATION NORTHWES

Org PageRecipient Profile

Lacey, WA

PURPOSE: PAYMENT FOR SPEAKERS, ETC.

$14,000

MIDATLANTIC FLOOR COVERING AS

Org PageRecipient Profile

Fredericksburg, VA

PURPOSE: PAYMENT FOR SPEAKERS, ETC.

$14,000

CHICAGO FLOOR COVERING ASSOCI

Org PageRecipient Profile

Elk Grove Village, IL

PURPOSE: PAYMENT FOR SPEAKERS, ETC.

$10,000

MINNESOTA FLOOR COVERING ASSO

Org PageRecipient Profile

Spring Lake Park, MN

PURPOSE: PAYMENT FOR SPEAKERS, ETC.

$5,038
View Grant Profile

Create an account to unlock the data you need.

or